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Bausch Company is presented with the following two mutually exclusive projects. The required return for both projects is 19 percent. Year Project M Project N

Bausch Company is presented with the following two mutually exclusive projects. The required return for both projects is 19 percent.

Year Project M Project N 0 -$140,000 -$355,000 1 $63,500 $152,500 2 $81,500 $180,000 3 $72,500 $137,500 4 $58,500 $110,000

What is the IRR for each project? What is the NPV for each project? Which,if either, of the projects should the company accept?

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